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Warning Britain is becoming ‘unattractive’ place to hire new staff
['Wed October At Am Bst', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Britain is increasingly becoming an "unattractive" environment for businesses seeking to hire permanent staff, according to a stark warning from recruitment giant Hays.
The firm attributes this shift to mounting wage pressures and recent tax hikes, which are compelling companies to explore automation and offshoring strategies.
However, it highlighted specific challenges within the UK that are diminishing its competitiveness as a place to work.
Tom Way, Hays’ UK and Ireland chief executive, elaborated on the situation, stating: "The UK is a great place to work if you are an employee but it’s becoming more unattractive to hire people permanently.
Wage pressures and national insurance changes are pushing employers to explore automation and offshoring."